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Listed by Wendy Tam W Real Estate
$ 2,325,000
Est. payment /mo
Open Tue 9AM-11AM
490 Francisco ST San Francisco, CA 94133
10 Beds
3,556 SqFt
Open House
Tue Nov 17, 9:00am - 11:00am
Tue Nov 17, 9:30am - 11:00am
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,556 sqft
Price per Sqft $653
MLS Listing ID 426173486
Bedrooms 10
HOA Y/N No
Year Built 1907
Lot Size 1,372 Sqft
Acres 0.0315
Property Sub-Type Multi Family
Property Description
Prime North Beach six-unit investment opportunity, one block from Trader Joe's, with Grocery Outlet, neighborhood cafs, restaurants and convenient public transportation nearby. Fully occupied with strong in-place rents, the property generates approximately $194,369 in annualized gross income based on actual current rents. The building features four remodeled two-bedroom apartments and two one-bedroom apartments, including a two-bedroom recently leased at $5,000 per month. Top-floor apartments feature skylights and in-unit laundry. In addition to the apartment renovations, building improvements include a completed soft-story seismic retrofit and an upgraded fire alarm system. Washington Square Park, Joe DiMaggio Playground, North Beach Library, Fisherman's Wharf and the waterfront further enhance this excellent location. A compelling investment combining strong income, substantial upgrades and long-term rental upside.
Location
State CA
County San Francisco
Area Sf District 8
Interior
Heating Electric
Fireplace No
Building
Lot Description Shape Regular
New Construction Yes
Others
Tax ID 0041015
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